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AT&T offers T-Mobile users up to $450 credit to switch

NEW YORK (Reuters) – AT&T Inc on Friday offered customers of No. 4 U.S. mobile provider T-Mobile US Inc a $200 credit to switch to its service on top of a phone trade-in that could be worth another $250, amping up competition between the two rivals.

AT&T, the No. 2 U.S. mobile provider, announced the promotion after T-Mobile spent months appealing to AT&T customers and in anticipation of a new competitive offer expected from the smaller company next week.